This fund may be subject to investment, foreign currency, RMB currency, investing in loans and credit rating risk, the risks of investing in emerging markets specific to the Asian market and risks specific to the PRC market. The fund’s investments are concentrated in Asia and the value of the fund may be more volatile. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund. The fund will also invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund is subject to risks associated with investments in China fixed income instruments, such as credit, insolvency and liquidity risk of fixed income instruments. The fund may invest in the “Dim Sum” bond market, which may be more susceptible to volatility and illiquidity, and subject to risk of regulatory changes. The fund is subject to the risks of investing in Hybrids and Contingent Convertibles.

This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility).

Dividend of certain share classes, at the Board’s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund’s NAV per share.

Investors may suffer substantial loss of their investments in the fund. Investor should not invest in the fund solely based on the information provided in this document and should read the prospectus (including potential risks involved) for details.

Annual performance Total return (%)

Cumulative return Fund (%)

<span>Cumulative return</span> Fund (%)

YTD

6 mths

1 yr

3 yrs

5 yrs

3.61

2.03

0.43

5.78

-

As of 31/01/2019, based on latest unit NAV of most recent calendar month.

Fund details

Investment objective

The fund seeks to deliver an attractive income and capital appreciation by primarily investing in a broad range of fixed income instruments of issuers in Asia Pacific that have their head office or exercise a majority of their activity in Asia Pacific. The fund will adopt an active asset allocation approach, which may include investment into high yield instruments and emerging markets. The fund may invest in hybrid bonds (“Hybrids”), that is, debt securities with equity-like features, issued by non-financial institutions (corporate Hybrids) and by financial institutions (financial Hybrids), including contingent convertibles, as well as in other subordinated financial debt and preference shares. Investments will not be required to meet minimum credit rating standards. Not all securities will be rated for creditworthiness by an internationally recognised rating agency. The manager is not restricted in his choice of companies either by market sector or industry, and will choose investments largely determined by the availability of attractive investment opportunities. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on any Eligible Market in China.
The fund may also invest in UCITS and UCIs.

About this fund

Fund details as of

31 Jan 2019

Denominated currency

AUD

Fund launch date

30 Nov 2015

Class launch date

29 Jan 2016

Class launch price

10.00 AUD

Fund size

17.37 million

Index

N/A

Morningstar BenchMark

-

Morningstar Category

Other Bond

Unique Identifiers

ISIN

LU1345484106

Bloomberg ticker

FAAHGAH LX

PhoneXpress code

1701

Fund manager

Fund manager(Start date)

Morgan Lau
(01 Jan 2019)

Bryan Collins
(05 Jul 2018)

Fund Fees

Sale Charges

Up to 3.50%

Annual management fee

Up to 1.00%

There are other fees and charges for the fund and please refer to the prospectus for details.

US stocks fell Thursday with economic data, both at home and abroad, indicating weaker growth. Global PMI surveys, in particular, have shown a further slowdown in the manufacturing sectors of major countries, heightening concerns about the impact of trade tensions. The Dow, the S&P, and the Nasdaq all closed down 0.4 percent on the day.

Data Source: Morningstar Asia Limited. The Morningstar sourced information is provided to investor(s) for reference purposes only. All fund prices quoted are calculated as at the latest valuation date. The performance information (%) in the chart and table may have slight variances due to factors such as rounding, or charting methodology used.

Past performance information is not indicative of future performance. Investors may not get back the full amount invested. Calculation of performance is based on the NAV-to-NAV for the stated period, with dividend reinvested, in denominated currency. These figures show by how much the share class increased or decreased in value during the stated period. Where no past performance is shown there was insufficient data available in that period to calculate performance.

Performance has been calculated in the “Denominated currency” set out in the “About this fund” section in the “Fund details” tab, including ongoing charges and excluding subscription fee and redemption fee you may have to pay.

Payments of dividends out of capital will only be made to seek to maintain a stable payment per share but the payment per share is not fixed. Dividend yield of the fund does not represent the return of the fund, and past dividend yield does not represent future dividend yield. The dividends are not guaranteed.

The fund risk rating is sourced from a methodology developed by Morningstar Investment Management Asia Limited and its affiliates. The fund risk rating is provided to investor(s) for reference purposes only.

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Since launch date to the end of launch year.

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Source: Fidelity.

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The name of the fund is not indicative of the fund’s performance and return.

Investment involves risks. Past performance is not indicative of future performance. Please refer to the relevant offering documents for details including the risk factors. If Investment returns are not denominated in HKD/ USD, US/HK dollar-based investors are exposed to exchange rate fluctuations. FIL Limited and its subsidiaries are commonly referred to as Fidelity or Fidelity International. Fidelity, Fidelity International, the Fidelity International logo and F symbol are trademarks of FIL Limited. This web page is published by FIL Investment Management (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission.

Investment involves risks. Past performance is not indicative of future performance. Please refer to the Principal Brochure of Fidelity Retirement Master Trust for details including the risk factors. This web page is published by FIL Investment Management (Hong Kong) Limited.

FIL Limited and its subsidiaries are commonly referred to as Fidelity or Fidelity International. Fidelity, Fidelity International, the Fidelity International logo and F symbol are trademarks of FIL Limited.